Have an account?
Skip to Content
10 questions
Show Answers
See Preview
- Multiple ChoicePlease save your changes before editing any questions.
In a co-operative society, the principle followed is
One man one vote
Multiple votes
No vote
One share one vote
- Multiple ChoicePlease save your changes before editing any questions.
What is the minimum number of members which are required to form a cooperative society?
2
7
10
20
- Multiple ChoicePlease save your changes before editing any questions.
The membership of this form of business organization is open to all those who have common interest
Partnership
Joint Stock Company
Partnership
Cooperative societies
Joint Hindu family
- Multiple ChoicePlease save your changes before editing any questions.
Two disadvantages of a sole trader are
Unlimited liability
Limited liability
When the owner dies the business dies
Decisions are made faster
- Multiple ChoicePlease save your changes before editing any questions.
A credit union is an example of
A sole trader
Partnership
Private Limited Company
Cooperative
- Multiple ChoicePlease save your changes before editing any questions.The Karta in Joint Hindu Family Business has_____Limited LiabilityUnlimited LiabilityNo LiabilityNone Of The Above
- Multiple ChoicePlease save your changes before editing any questions.In what type of business organization is each owner personally liable for all business debts, even if the debts were created by other owners?corporationpartnershipproprietorshipS corporation
- Multiple ChoicePlease save your changes before editing any questions.Which of the following is an advantage of a partnership?Unlimited LiabilityArgumentsShared responsibilityLess investors
- Multiple ChoicePlease save your changes before editing any questions.In a cooperative society, the principle followed is:one share one voteone man one voteno votemultiple votes
- Multiple ChoicePlease save your changes before editing any questions.The head of joint hindu family business is calledDirectorManagerProprietorKarta